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    5165 Hartlee Field Rd Denton, TX 76208

    View on Map
    Sponsored
    For Sale
    $16,500,000

    Modern Farmhouse,Ranch,Traditional, Farm/Ranch - Denton, TX

    Type:Farm
    Property size:
    5,621 SF
    Lot size:
    247.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 4:06 am

    Property Features for 5165 Hartlee Field Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    5
    APN
    R985721
    Parking features
    Garage
    Interior features
    Built-in Features, Chandelier, Decorative Lighting, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Attached Grill, Rain Gutters, Rv/Boat Parking, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Oven - Convection, Range, Range - Gas, Refrigerator, Refrigerator - Built-in, Washer
    Size
    5,621 SF
    Lot size
    247.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Year built
    2022
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic, Wood
    Roof type
    Composition, Metal, Mixed
    Architectural style
    Modern
    Additional Structures
    RV/Boat Storage, Storage

    We can help!

    Listing Contact
    Benjamin Clark

    KELLER WILLIAMS REALTY (940) 484-9411

    Listing agent Benjamin Clark (940) 484-9411 License #0611947

    Listing date Mar 13, 2026

    MLS# 21208110 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Denton Ranch with Multiple Homes

    This 247-acre ranch is located minutes from downtown Denton, offering privacy and recreational opportunities. It is suited for a family compound, retreat, or future development, with proximity to shopping, dining, and major highways. The property features a family compound with four custom homes positioned around a 95,000-gallon resort-style swimming pool. The layout allows for shared family space and privacy for each residence. The ranch includes improved pastures fenced for cattle and four ponds that provide water for livestock and wildlife. The north boundary borders Clear Creek, creating a wildlife corridor that attracts whitetail deer, turkey, wild hogs, and other native wildlife. Improvements include a 45x30 barn and a 45’ x 75’ insulated shop for equipment storage or ranch operations. A professionally built dirt bike track is also featured. The property offers potential as a private ranch estate, family legacy property, recreational retreat, or future development project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alpha Book Publisher Publishing House

    Suggested Use

    Law Firm HVAC Service Computer & Electronic Repair Tech Support Center Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.06923771
    Latitude
    33.27241464

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    FAQs

    What type of property is this?
    Ranch - 247-acre ranch near Denton with four custom homes.
    Where is this ranch located?
    The property is located at 5165 Hartlee Field Rd Denton, TX.
    What is the asking price?
    The asking price for this property is $16,500,000.
    What are key features of this property?
    This property features: - 247-acre ranch located minutes from downtown Denton, offering privacy and investment potential.; - Family compound featuring four custom homes centered around a **95,000-gallon resort-style pool**, ideal for large families.; - Improved pastures fenced for cattle, four ponds, and Clear Creek frontage create scenic views and water resources.
    (940) 484-9411
    Request Owner's contact information
    5165 Hartlee Field Rd Denton, TX 76208
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    Denton, TX 76208
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5165 Hartlee Field Rd Denton, TX 76208
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    We can help!
    Listing Contact
    Benjamin Clark
    Real Estate License ID: 0611947
    (940) 484-9411 (940) 206-9745 (940) 320-9181
    Learn more
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